39 slides from Poznanska Korporacja Budowlana Pekabex Sa's earnings presentation, June 2021
Slide 1: Investor Presentation
= Pekabex Investor Presentation Poznan, June 2021
Slide 2: Mission and vision
= Pekabex SAFE DEVELOPMENT MISSION We believe that prefabrication is the technology of the future in construction VISION We want to be top 5 in Europe to create new trends and build ecological, effective and beautiful buildings
Slide 3: Key numbers in 1Q21
Key numbers in 1Q21 Solid fundamentals create basis for dynamic development PLN 913 m PLN 246 m 56,737 m3 PLN 14 m Value of backlog as Revenues prefabricated Net profit of 31.03.2021* elements produced** *Concerns prefabrication contracts, construction services, development project on their own acco
Slide 4: Prefabrication production
Prefabrication production Volume of production in 2003-1Q 2021* (000 m3) table growth of production 250 204 200 182 175 › Increased production in prefabrication segment results mainly from the volume of realized contracts; in the first quarter of 2021; production 150 140 143 amounted to 56.737 m3 wh
Slide 5: Backlog
Backlog Backlog (thous. PLN) trong, well-diversified backlog contracts to be realized in following year 16 755 contracts to be (2%) realized in next year › Pekabex Group systematically builds strong and well-diversified backlog, 153 935 which will fill the production in following years. It contains
Slide 6: Strong Balance Sheet & Financial Stability
loans, borrowings and other external sources of financing, financial leasing +sEBITDA - based on the Group last 12 months EBITDA (LTM EBITDA) Strong Balance Sheet & Financial Stability Inthous. PLN 31.03.2021 31.03.2020 Change 31.12.2020 Stable and safe level of financial leverage Fixedassets 426308
Slide 7: Steady and continuous growth
Strong Balance Sheet & Financial Stability = Pekabex Steady and continuous growth Volume of production in 2003-2020 ('000 m?) Revenues (M PLN) 623 952 772 318 328 - o mind 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020192021 2011 2012/2013, 2014-2015. 2016.
Slide 8: 1Q 2021 revenues and results
› 1Q 2021 was a similar period in terms of revenues and results achieved in 1Q 2020. › Revenue from sales in 1Q 2021 amounted to PLN 246,164 thous. and were lower by PLN 1,878 thous., i.e. by -0.75%, than the revenue achieved in 1Q 2020, and at the same time higher by PLN 65,357 thous., i.e. by 36.1
Slide 9: Revenue by segment
16% 4,8% 4,8% 0,4% 3,5% 2,7% 3,8% 21 847 13,3% 86 361 74 399 121 313 41,1% 35,1% 48,9% 68% 133 184 81,2% 4% 96 579 141 051 116 178 53,4% 57,3% 46,8% 12% 0,4% 7,7% 4,6% 6,7% 6,1% 5,0% 5 155 8 319 6 906 32,2% 36,2% 24,0% › Prefabrication contracts is the leading segment and it generates the largest pa
Slide 10: Operating results by segment
› In 1Q 2021 highest operating results were achieved in prefabrication contracts and constuction services segments. Those segments represented respectively 63% and 24% of total operating result. › Significant increase in profitability of construction services is a result of economies of scale and ex
Slide 11: Cash flow bridge
140000,0 +6 730 -21 489 +17 354 120000,0 100 492 -4 973 +2 268 -5 662 +4 624 -12 125 100000,0 -1 378 -1 85 840* 80000,0 60000,0 40000,0 20000,0 0,0
Slide 12: Working capital
Working capital › Positive working capital is a sort of "financial security" that facilitates liquidity. Inventory › Group inventory significantly increased due to new development projects and increasing scale of bussines - mainly due to acqusition of G+M Group and contract - Łódź Tubings which is p
Slide 13: Net debt
› Net Debt is the difference between financial liabilities (loans, borrowings and other external sources of financing, financial leasing and cash and cash equivalents. › Net Debt to EBITDA ratio remains at a slightly higher level in 1Q 2021 than in 1Q 2020.
Slide 14: CAPEX policy
CAPEX policy: Investments that are related to automation and computerization Improving production capacity and efficiency (new investments with the required rate of return of 20% - target: 30%) Improving the quality of products Improving health and safety at work.
Slide 15: Stock market and ratios
Strong balance sheet & financial stability = Pekabex Stock market and ratios Dividends * Dividend payout corresponds to the generated profit and the Group’s financial situation and capital Gea year 2014 2015 2016 2017 2018 2019 2020+ Dividend date 2015 2016 2017 2018 2019 2020 2021 Dividend per shar
Slide 16: Appendix
Pekabex Appendix ®
Slide 17: Selected realized contracts: Prefabrication contracts
= Pekabex Selected realized contracts Prefabrication contracts
Slide 18: Construction contains parking hall: ca. 17.000 m2. Prefabrication include delivery and assembly of 1
Construction contains parking hall: ca. 17.000 m2. Prefabrication include delivery and assembly of 1 814 elements (columns, solid walls, stairs, HC plates, filigree slabs, elevator shaft).
Slide 19: Hospital in Odense contract
In August 2019 Pekabex signed a construction contract regarding designing, production, transport and assembly of precast structures for the hospital in Odense (DP03 building). In mid-October 2019 Pekabex initiated the assembly of prefabricated structure (14 000 m3 in total). In April 2020, Pekabex s
Slide 20: Production and warehouse facility
Contract concerns development of the production and warehouse facility with a production building of the installation for the production of food concentrates with storage, technical and technological facilities as well as the necessary construction equipment. Prefabrication contains of 1 257 element
Slide 21: Construction contains 3 buildings: 5.936 m2. Prefabrication contains 3 128 elements (columns, beams, filigrees,
Construction contains 3 buildings: 5.936 m2. Prefabrication contains 3 128 elements (columns, beams, filigrees, solid wall, stairs, solid slabs, HC slabs).
Slide 22: Tubings for railroad tunnels in Łódź
Contract contains production and delivery of 29.900 pcs. of tubings for 2 railroad tunnels in Łodź.
Slide 23: Construction contains 6 buildings: ca. 29 000 m2 and parking hall ca. 6 000
Construction contains 6 buildings: ca. 29 000 m2 Construction contains 3 buildings: ca. 12 000 m2 and parking hall ca. 6 000 m2 (total area 35 000 m2). and parking hall ca. 2 700m2 (total area 14 700 m2). Prefabrication contains ca. 5 700 elements (3-layer Prefabrication contains ca. 3 500 elements
Slide 24: Selected realized contracts: Construction services
= Pekabex Selected realized contracts Construction services
Slide 25: Construction contains warehouse with walefare and office facility. Construction contains warehouse – total area
Construction contains warehouse with walefare Construction contains warehouse – total area and office facility. c.a. 42 000 m2 and office space 5 000 m2. Total floor area – almost 8 450 m2. Prefabrication contains 1 702 elements (docks, columns, girders, roof beams). The contract is realized by gene
Slide 26: Construction contains warehouse with walefare and office facility. Construction contains warehouse with walefare
Construction contains warehouse with walefare Construction contains warehouse with walefare and office facility. and office facility. Total floor area – almost 4 940 m2 and other Total floor area – almost 5 800 m2 and other facilities ca. 9 800 m2. hardened areas ca. 4 700 m2. Prefabrication contain
Slide 27: Construction contains warehouse. Construction contains office building. Total floor area – almost 3.110 m2.
Construction contains warehouse. Construction contains office building. Total floor area – almost 3.110 m2. Total floor area – almost 8.280 m2. Prefabrication include delivery and assembly Prefabrication include delivery and assembly of 43 columns. of 1 158 elements (columns, beams, stairs, HC slabs
Slide 28: Construction contains warehouse – total area ca. 10 400 m2 (halls: 10 400 m2,
Construction contains warehouse – total area ca. Construction contains warehouse buildings: 17.640 m2 10 400 m2 (halls: 10 400 m2, office building 600 m2). and other necessary technical infrastructure (total area 29 600 m2). Prefabrication contains of 423 elements (docks, columns, girders, HC slabs,
Slide 29: Construction contains warehouse building: 30 140 m2. Prefabrication include delivery and assembly of
Construction contains warehouse building: 30 140 m2. Prefabrication include delivery and assembly of 757 elements (columns, roof beams, docks, HC slabs). The contract is realized by general contracting department.
Slide 30: Construction contains 4 buildings: 5.936 m2 and other necessary technical infrastructure (total area 52
Construction contains 4 buildings: 5.936 m2 and other necessary technical infrastructure (total area 52 000 m2). 250 foundations were delivered as prefabricated elements. The contract is realized by general contracting department
Slide 31: Housing projects
PF R Nieruchomosci | Torun UM | Włocławek Housing project Housing project Construction contains residential complex of 8 buildings – area Construction contains residential complex of 8 buildings – floor 15 665 m2. area ca. 15 600 m2. Prefabrication contains c.a. 3 600 elements (triple-layered walls,
Slide 32: Selected Development Projects 2021
= Pekabex Selected Development Projects 1 Q2021
Slide 33: Józefosław pilot project
On October 29, 2019, the company Pekabex Development purchased for PLN 2,370 thous. plot in Józefosław in connection with the planned implementation of another pilot project, consisting in the construction of 12 terraced houses. On December 16, 2019, a building permit was issued. For day of the publ
Slide 34: Warsaw development investment
On June 3, 2020, the Group acquired a plot of land for another development investment in Warsaw. Design works and preparation of the investment for sale are currently in progress. The Group estimates that as part of the investment, 40 independent apartments with a garden will be built (over 3,000 m2
Slide 35: Mechelinki investment with Origin
On June 29, 2020, Pekabex S.A. and Pekabex Development Sp. z o.o. concluded with Origin Investments Sp. z o.o. and Origin Gdynia 1 Sp. z o.o. ("Origin") an investment agreement for the joint implementation of the investment in Mechelinki consisting in the construction of the Origin health complex co
Slide 36: New key projects
*Contract Contract Date Contractor Description value (%) currency New key projects The subject of the contract is the design andexecution of a Winthrop Technologies January 3, 2021 prefabricated structure within the frameworkbuilding 4% EUR GmbH construction investment - FR11 Data Center inFrankfurt
Slide 37: New key projects
*Contract Contract Date Contractor Description value (%) currency New key projects The subject of the contract is building of construction works and BIMs Plus FHH sp. z o.o. March 19, 2021 work related to them in the field of investment consisting in the 6% PLN Górny Śląsk Sp. k. expansion of the wa
Slide 38: New key projects
*Contract Contract Date Contractor Description value (%) currency New key projects The subject of the letter of intent is general construcion of the investment task of building the Center production, warehouse PDC Industrial Center and logistics together with social and office segments, May 7, 2021
Slide 39: Thank you
= Pekabex THANK YOU